Market Overview:
The global ground fault monitoring relays market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ground fault monitoring relays in various applications such as power, vehicle, and equipment. Additionally, the growing awareness about safety and security is also propelling the growth of this market. However, fluctuations in prices of raw materials may restrain the growth of this market during the forecast period. On basis of type, AC ground fault monitoring relays are expected to dominate the global ground fault monitoring relay market during 2018-2030 owing to their high efficiency and reliability as compared to DC counterparts.
Product Definition:
A ground fault monitoring relay is a type of circuit breaker that monitors the flow of electricity through a circuit. It is used to protect people and equipment from electrical shock.
AC:
The ground fault monitoring (GFM) relays market is expected to grow at a significant rate owing to the increasing safety concerns and stringent regulations in industries. The ground fault monitoring system is used for detecting electrical faults in the circuits that are underground or underwater, through electrodes or probes that are attached to the surface of the earth. These systems monitor power line frequency, voltage fluctuations, and AC leakageages along with Ground Fault Volumes (GVs).
DC:
DC is direct current and it's unit of measurement is amperes. DC voltage levels vary from 2V to 8V. DC current can flow in two directions, namely, from positive to negative terminal or the other way around. It flows only in one direction because of its polarity which makes it different than AC current that has a constant positive side and negative side (as seen below).
Application Insights:
The power application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The ground Fault Monitoring System (GFMS) is a widely used tool for monitoring and controlling electrical power distribution networks. These systems are used to monitor the flow of electricity from each phase of a network so that any imbalance can be detected and corrected quickly, before it causes damage or leads to failure of equipment.
Equipment application segment is expected register significant growth over the forecast period owing to rising demand for industrial GSMFs across various industries including oil & gas, chemical, petrochemical, energy etc.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to presence of a large number of key manufacturers and suppliers, such as General Electric; Schneider Electric; and Eaton. Moreover, increasing demand for GFM relays in industrial applications is also expected to drive growth over the next eight years.
Asia Pacific is anticipated to be one of the fastest-growing regions during the forecast period due to growing awareness about Ground Fault Circuit Interrupters (GFCIs) & receptacles among consumers coupled with rising construction activities across developing countries such as China, India, Indonesia, Malaysia and Thailand.
The European market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for safety and security in industrial and commercial sectors
- Growing awareness about the benefits of ground fault monitoring relays
- Rising investments in electrical infrastructure projects
- Proliferation of smart grids and automation technologies
- Growing demand for energy-efficient solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Ground Fault Monitoring Relays Market Research Report
By Type
AC, DC
By Application
Power, Vehicle, Equipment, Other
By Companies
Eaton, ABB, Littelfuse, Schweitzer Engineering Laboratories, Schneider Electric, Steven Engineering, GE, Rockwell Automation, Gigavac, Bender, Siemens, EUCHNER, Seiko Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Ground Fault Monitoring Relays Market Report Segments:
The global Ground Fault Monitoring Relays market is segmented on the basis of:
Types
AC, DC
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power, Vehicle, Equipment, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eaton
- ABB
- Littelfuse
- Schweitzer Engineering Laboratories
- Schneider Electric
- Steven Engineering
- GE
- Rockwell Automation
- Gigavac
- Bender
- Siemens
- EUCHNER
- Seiko Electric
Highlights of The Ground Fault Monitoring Relays Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AC
- DC
- By Application:
- Power
- Vehicle
- Equipment
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ground Fault Monitoring Relays Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ground Fault Monitoring Relays are devices that are used to monitor the electrical ground. If there is an issue with the electrical ground, this will be detected by the Ground Fault Monitoring Relay and will trigger a warning or alarm.
Some of the major players in the ground fault monitoring relays market are Eaton, ABB, Littelfuse, Schweitzer Engineering Laboratories, Schneider Electric, Steven Engineering, GE, Rockwell Automation, Gigavac, Bender, Siemens, EUCHNER, Seiko Electric.
The ground fault monitoring relays market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ground Fault Monitoring Relays Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ground Fault Monitoring Relays Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ground Fault Monitoring Relays Market - Supply Chain
4.5. Global Ground Fault Monitoring Relays Market Forecast
4.5.1. Ground Fault Monitoring Relays Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ground Fault Monitoring Relays Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ground Fault Monitoring Relays Market Absolute $ Opportunity
5. Global Ground Fault Monitoring Relays Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ground Fault Monitoring Relays Market Size and Volume Forecast by Type
5.3.1. AC
5.3.2. DC
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ground Fault Monitoring Relays Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ground Fault Monitoring Relays Market Size and Volume Forecast by Application
6.3.1. Power
6.3.2. Vehicle
6.3.3. Equipment
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ground Fault Monitoring Relays Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ground Fault Monitoring Relays Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ground Fault Monitoring Relays Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ground Fault Monitoring Relays Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ground Fault Monitoring Relays Demand Share Forecast, 2019-2026
9. North America Ground Fault Monitoring Relays Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ground Fault Monitoring Relays Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ground Fault Monitoring Relays Market Size and Volume Forecast by Application
9.4.1. Power
9.4.2. Vehicle
9.4.3. Equipment
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ground Fault Monitoring Relays Market Size and Volume Forecast by Type
9.7.1. AC
9.7.2. DC
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ground Fault Monitoring Relays Demand Share Forecast, 2019-2026
10. Latin America Ground Fault Monitoring Relays Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ground Fault Monitoring Relays Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ground Fault Monitoring Relays Market Size and Volume Forecast by Application
10.4.1. Power
10.4.2. Vehicle
10.4.3. Equipment
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ground Fault Monitoring Relays Market Size and Volume Forecast by Type
10.7.1. AC
10.7.2. DC
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ground Fault Monitoring Relays Demand Share Forecast, 2019-2026
11. Europe Ground Fault Monitoring Relays Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ground Fault Monitoring Relays Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ground Fault Monitoring Relays Market Size and Volume Forecast by Application
11.4.1. Power
11.4.2. Vehicle
11.4.3. Equipment
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ground Fault Monitoring Relays Market Size and Volume Forecast by Type
11.7.1. AC
11.7.2. DC
11.8. Basis Point Share (BPS) Analysis y Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ground Fault Monitoring Relays Demand Share, 2019-2026
12. Asia Pacific Ground Fault Monitoring Relays Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ground Fault Monitoring Relays Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ground Fault Monitoring Relays Market Size and Volume Forecast by Application
12.4.1. Power
12.4.2. Vehicle
12.4.3. Equipment
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ground Fault Monitoring Relays Market Size and Volume Forecast by Type
12.7.1. AC
12.7.2. DC
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ground Fault Monitoring Relays Demand Share, 2019-2026
13. Middle East & Africa Ground Fault Monitoring Relays Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ground Fault Monitoring Relays Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ground Fault Monitoring Relays Market Size and Volume Forecast by Application
13.4.1. Power
13.4.2. Vehicle
13.4.3. Equipment
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ground Fault Monitoring Relays Market Size and Volume Forecast by Type
13.7.1. AC
13.7.2. DC
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ground Fault Monitoring Relays Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ground Fault Monitoring Relays Market: Market Share Analysis
14.2. Ground Fault Monitoring Relays Distributors and Customers
14.3. Ground Fault Monitoring Relays Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Eaton
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ABB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Littelfuse
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schweitzer Engineering Laboratories
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Schneider Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Steven Engineering
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rockwell Automation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Gigavac
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bender
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Siemens
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. EUCHNER
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Seiko Electric
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook